Packers are offering another 300,000 shares of stock

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As NFL teams go, the Packers have a unique structure. They are a publicly owned corporation.

As publicly-owned corporations go, the Packers are also unique. Their stock isn’t like normal stock. It can’t be sold or traded. It doesn’t appreciate in value.

It is, put simply, a donation. And the certificate becomes the ultimate piece of memorabilia, an official license to say “we” when referring to victories and defeats.

But don’t take my word for it. Consider the language of the official release from the team announcing that the sixth stock sale in franchise history, which commences on Tuesday, November 16: “Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term. . . . The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock. . . . Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits. . . . The Packers believe offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock. . . . The Packers bylaws and NFL rules severely restrict transfers of Packers stock.”

In short, it’s not really stock. But that doesn’t keep people from buying it. Indeed, it’s amazing that other teams haven’t found a way to shave off a few percentage points of equity for a similar money-for-nothing deal. If the fans are willing to contribute their cash to the cause with nothing but a piece of paper and an invitation to the annual shareholders meeting in return, that’s their right.

The sale also comes at a perfect time, with the holiday season arriving and a minuscule slice of team ownership the perfect gift for the Packers fan who has almost everything.

At $300 per share, the Packers have 300,000 available for purchase. That’s $90 million that the Packers will be raising. More than enough to pay for the $300,000 wrist slap they received from the league last week for chronically failing to enforce COVID protocols.

28 responses to “Packers are offering another 300,000 shares of stock

  1. Looks like they are late in the game of overpricing toilet paper like many did during the first wave of Covid scares.

  2. So what?

    A share certificate is something to hang on the wall.

    31 other team fans are jealous.

  3. For $25 I would buy one share as a Christmas gift for 3 people but not anymore that $25 each

  4. Missing the point people…. $300 to get your 10-13yrd old kid a cool Xmas gift that they’ll love vs another electronic. I’ll trade that any day.

  5. If I’m going to donate my hard-earned money, it will be to a registered charity, not an NFL team.

  6. You saw how the pack played without Rodgers! This is his signing bonus for next year. Gotta keep the ‘immunized’ fat and happy! Green and Gold!

  7. Nobody has any illusions that these certificates are anything other than what they are – a donation to the team. When you don’t have a billionaire owner you need to get creative.

  8. People – us Packer fans know that this certificate doesn’t make us actual owners of the team. But it is a cool momento for the man cave or sports room. Just like buying a jersey or a cased football from the pro shop.

  9. I have always been a Packer fan, but their “stock” is such a racket. But hey, who am I to tell someone they can’t think their “ownership” doesn’t actually mean anything?

  10. There isn’t another fanbase for a professional sports franchise in the world that can honestly say “we” when describing their team, and mean it.

  11. Many of you are pretty ignorant – both the Packers and the NFL have passed by-laws that prohibit the Packers from seeking a significant investor from the outside. Should the team ever decide to dissolve it would have to be approved by the directors of the Green Bay Packers , Inc., a publicly held non-profit corporation and the legal owner of the team and the NFL. All the money from the sale of the Packers will go to charities. The NFL has also passed a rule about 50 years ago, that no other team can now have this structure. In 1923, a total of $5,000 was raised through the sale of 1,000 shares at $5 apiece. Each initial stockholder was also required to buy six season tickets. To ensure that there could never be any financial inducement for shareholders to move the club outside Green Bay, the original articles of incorporation for the Green Bay Football Corporation stipulated that in the event of the sale of the franchise, all profits from the sale shall be donated to charity. Finally, the is the reason why Green Bay is the smallest town with a major league franchise. Without this structure this team would have moved a long time ago. I think it’s pretty cool, and I hope my grandchildren think so too this Christmas. As an aside, the Green Bay Packers have one of the lowest concession prices in the NFL and 60% of the concession proceeds go to charity.

  12. Criticize if you want.

    I bet those of you that choose to spent $300 or more on your team this year.

  13. Packers stock is a GREAT investment — it guarantees the team will NEVER leave Green Bay, and never be at the mercy of a high maintenance owner.

    That combination is priceless!

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